Aspen Aerogels Inc . (NYSE:ASPN) has reported a significant transaction involving its SVP of Technology, Keith L. Schilling, who sold shares worth over half a million dollars. According to the latest filing, Schilling executed sales of company stock that totaled approximately $536,895.
The transactions took place on May 13, 2024, with the executive selling 19,500 shares at prices ranging from $26.38 to $27.36, as indicated in the footnotes of the report. Additionally, 500 shares were sold in multiple trades with prices between $27.38 and $27.45. These sales resulted in a substantial reduction of Schilling's holdings in Aspen Aerogels, with the post-transaction amount of common stock owned by him listed as 28,792 shares, which includes both common stock and restricted stock units.
In the same report, Schilling also exercised options to acquire 20,000 shares of Aspen Aerogels common stock at a price of $6.81 per share, amounting to a total transaction value of $136,200. The options exercised are part of a larger grant that will continue to vest in the coming years, with the next installments due in March 2025 and March 2026.
Aspen Aerogels, known for its energy infrastructure insulation products, has seen its stock become a subject of investor attention. The transactions reported by Schilling provide a glimpse into the trading activities of the company's executives, which are often monitored by investors as potential indicators of the company's performance and future prospects.
Investors and followers of Aspen Aerogels can request more detailed information about the exact number of shares sold at each price point from Schilling, as per the footnotes in the SEC filing.
The sales by Schilling come amidst broader market conditions that continue to challenge the energy sector, with companies like Aspen Aerogels navigating a dynamic landscape of innovation, regulation, and competition.
InvestingPro Insights
As Aspen Aerogels Inc. (NYSE:ASPN) navigates the energy sector's evolving landscape, recent market data and analysis from InvestingPro provide additional context to the company's performance and outlook. With a market capitalization of $2 billion, Aspen Aerogels stands as a significant player in the insulation product industry. The company's stock has experienced substantial volatility, with a Price / Book ratio of 4.11, reflecting a valuation that is relatively high compared to the company's book value as of Q1 2024.
InvestingPro Tips highlight that analysts are optimistic about Aspen Aerogels' future, expecting net income and sales to grow in the current year. This is corroborated by the company's impressive revenue growth of 53.37% over the last twelve months as of Q1 2024. Furthermore, the stock's strong return over the last year, with a 257.72% price total return, signals robust investor confidence. These insights suggest that the company's strategic initiatives may be aligning well with market opportunities.
However, the company operates with a negative P/E ratio of -60.51, indicating that it was not profitable over the last twelve months as of Q1 2024. Despite this, Aspen Aerogels' liquid assets exceed its short-term obligations, providing some financial stability. For investors seeking a deeper dive into Aspen Aerogels' financial health and future prospects, there are an additional 16 InvestingPro Tips available. These can be explored further at InvestingPro's dedicated Aspen Aerogels page.
To stay ahead with comprehensive analysis and metrics, consider subscribing to InvestingPro. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and gain access to a wealth of investment insights and data.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.